106 Aspen Avenue SW, Cass Lake, MN 56633 (MLS# 7066179)
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$249,800
106 Aspen Avenue SW
Cass Lake, MN 56633
MLS# 7066179
8 beds | 4 baths | 4481 sqft
Property Description Investor opportunity in Cass Lake. This 5-unit apartment building offers strong cash flow, consistent rental demand, and an easy-to-manage one-level layout. The property includes four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, giving a great mix of rental options for the local market. Located in the heart of Cass Lake, this property has proven to be easy to rent, with vacant units filling quickly when they become available. Investors will appreciate the steady income potential, practical floor plan, and the convenience of all units being on one level for simplified maintenance and tenant access. Whether you are looking to add to your portfolio or step into multi-family investing, this is a solid opportunity with strong rental appeal.
Status: Active
Contingency: None
Current Price: 249800
Original List Price: 259900
ListPrice: 249800
List Date: 2026-05-02
Owner is an Agent?: No
Auction?: No
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1950
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 8
Baths Total: 4
Main Floor Total SqFt: 4482
Above Ground SqFt: 4481
Total SqFt: 4481
Foundation Size: 4482
Style: (MF) Other
Total Finished Sqft: 4482.00
Lot Dimensions: 100x125
Acres: 0.02
Assessment Pending: No
House Number: 106
Street Name: Aspen
Street Suffix: Avenue
Street Direction Suffix: SW
Postal City: Cass Lake
County: Cass
Complex/Dev/Subdivision: West Cass Lake
Tax With Assessments: 5426
Foundation Dimensions: 42x106
Finished SqFt Above Ground: 4482
Annual Electric Expense: 900
Annual Gross Expenses: 12648
Annual Gross Income: 46800
Annual Insurance Expense: 6000
Annual Repair Expense: 346
Total Annual Expenses: 12648
Land Leased: Not Applicable
DP Resource: Yes
Homestead: No
Furnished?: No
Leased?: Yes
Unit Number: 1
3/4 Baths: 1
Annual Rent: 1140
Finished SqFt: 650
Monthly Rent: 950
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 2
3/4 Baths: 1
Annual Rent: 9000
Finished SqFt: 550
Monthly Rent: 750
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 5
Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 3
3/4 Baths: 1
Annual Rent: 9600
Finished SqFt: 800
Monthly Rent: 800
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 5
Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 4
3/4 Baths: 1
Annual Rent: 9000
Finished SqFt: 750
Monthly Rent: 750
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 5
Construction Status: Previously Owned
Fuel: Electric; Natural Gas
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Unit 1 Bath Description: Main Floor 3/4 Bath
Unit 2 Bath Description: Main Floor 3/4 Bath
Unit 4 Bath Description: Main Floor 3/4 Bath
Water: City Water/Connected
Listing Office: Real Broker, LLC
Last Updated: May - 27 - 2026
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Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal.
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Wednesday 27th of May 2026 08:47 PM